Portfolio Summary as of December 31, 2018¹

 

1) Does not include properties held for sale. Based on cost for real estate equity investments, which includes purchase price allocations related to net intangibles, deferred costs, other assets, if any, and adjusted for subsequent capital expenditures. For real estate debt, based on principal amount. May exclude other costs and expenses, including pre-funded capital expenditures, adjustments for working capital and other items relating to the closing of the investment. Includes NorthStar Healthcare’s proportionate share of assets acquired through unconsolidated joint ventures. 2) Includes investment in Solstice Senior Living, LLC, or Solstice. 3) Includes 156 properties in the Espresso portfolio for both NorthStar Healthcare’s debt and equity investments. 4) Property types securing the mezzanine loan predominantly include skilled nursing facilities, which are located primarily in the Midwest, Northeast and Southeast. 5) Classification based on predominant type of services provided at each property, but may include other services.